According to statistics from the Department of Industry and Trade of Vinh Phuc, up to now, the province has about 400 supporting industry manufacturing enterprises, of which over 70 enterprises participate in the product supply chain for large corporations; 4 enterprises manufacturing and assembling complete automobiles and motorbikes are Toyota Vietnam Company, Honda Vietnam Company, Daewoo Bus Company, Piaggio Vietnam Company - these are enterprises playing a leading role in the development of mechanical and manufacturing supporting industry enterprises in general and automobile and motorbike manufacturing and assembling industry in particular.
To promote the development of supporting industries, Vinh Phuc province has issued many mechanisms and policies to develop supporting industries. A typical example is Decision No. 3663/QD-UBND on promulgating a program to support the development of supporting industries in Vinh Phuc province, period 2021 - 2025, with a total support amount of over 94.7 billion VND.
The goal of the Decision is that by 2025, Vinh Phuc province will have over 50 enterprises in the field of spare parts and components that are qualified to become level 1 and level 2 suppliers for automobile, motorbike, electric and electronic manufacturers, and partially supply to large enterprises and economic groups or for export; 10 domestic enterprises producing supporting industrial products can participate in the value chain of large economic groups, with products that meet international standards and can participate in the export market.
